Investegate |Sika AG Announcements | Sika AG: DYNAMIC GROWTH – NEW SALES RECORD IN FIRST QUARTER – ANNUAL TARGET RAISED
DYNAMIC GROWTH – NEW SALES RECORD IN FIRST QUARTER – ANNUAL TARGET RAISED DYNAMIC GROWTH – NEW SALES RECORD IN FIRST QUARTER – ANNUAL TARGET RAISED Sales increase of 12.6% in local currencies Q1 sales of CHF 1,998.6 million (+10.2% in CHF) Negative currency effect of –2.4% Acquisition of Kreps (Russia), DriTac (USA), and BR Massa (Brazil) Outlook for 2021 fiscal year Double-digit sales growth in local currencies (previously: local currency growth of 6%–8%) Over-proportional increase in EBIT, EBIT margin to reach 15% for the first time Confirmation of 2023 strategic targets for s...
Source: investegate.co.uk
